Report
US: update on the indebtedness of economic agents
Despite the biggest interest rate hike since the end of the 1970s, the US economy has still managed to avoid a relapse into recession. It has undeniably slowed but there is no sudden stop. This week once again brought some surprisingly strong data. The resilience stems in part from the good financial situation of households. There is no stress on this side. Businesses have high debt levels but also significant liquidities, meaning that in the short term higher rates bring in more...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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